Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The forward PE ratio is 12.30.
Forward PE Ratio (12.30) = Close Price ($214.28) / Consensus Forward EPS ($17.43)
FORWARD PE RATIO
12.30
SECTOR MEDIAN · ENERGY
13.10
median of 40 covered companies
CURRENT VS SECTOR MEDIAN
-6.07%
vs the sector median at left
First Solar, Inc.
Market Cap
$23.03B
Forward PE Ratio
12.30
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| First Solar, Inc. (FSLR) | $23.03B | 12.30 |
| Expand Energy Corporation (EXE)vs › | $22.25B | 10.65 |
| Texas Pacific Land Corporation (TPL)vs › | $26.46B | 43.59 |
| Tenaris S.A. (TS)vs › | $28.26B | 13.92 |
| Halliburton Company (HAL)vs › | $29.52B | 15.08 |
| APA Corporation (APA)vs › | $15.34B | 7.47 |
| Nextpower Inc. (NXT)vs › | $13.07B | 19.72 |
| EQT Corporation (EQT)vs › | $33.60B | 12.95 |
| Venture Global, Inc. (VG)vs › | $34.70B | 8.62 |
| Antero Midstream Corporation (AM)vs › | $10.51B | 20.29 |
Trailing P/E
13.2
reported TTM EPS
Forward P/E
12.3
consensus next-FY EPS
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $17.43 implies +7.5% EPS growth vs the reported trailing $16.22.
At today's $214.28 close, each upcoming fiscal year's consensus EPS implies a different multiple — how quickly the price is "paid down" by expected earnings if the estimates hold.
| Fiscal year end | Consensus EPS | Estimate range | Analysts | Implied P/E |
|---|---|---|---|---|
| 2026-12-31 | $17.43 | $16.07 – $19.66 | 24 | 12.3x |
| 2027-12-31 | $23.42 | $17.64 – $29.95 | 24 | 9.1x |
| 2028-12-31 | $29.44 | $23.02 – $40.29 | 24 | 7.3x |
Source: FMP analyst consensus estimates, refreshed with the daily precompute. "n/m" = the consensus EPS is not positive, so a multiple is undefined. There is no forward P/E history chart here because charting one would require the estimates as they stood in the past, which we do not store — see the trailing P/E history for how the realized multiple has moved.
PE Ratio = Share Price / Diluted EPS (TTM)
The price-to-earnings ratio measures how much investors pay for each dollar of trailing earnings. A lower PE can indicate a cheaper valuation; a higher PE implies higher growth expectations.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
